29.10.2021 07:00:00 CEST | TECO 2030 ASA | Half yearly financial reports and audit reports / limited reviews
Lysaker, Norway, 29 October 2021 – Norwegian cleantech company TECO 2030 ASA (OSE: TECO) has published its results for the third quarter of 2021.
The company’s Q3 report is available at https://teco2030.no/investors/reports/.
Main highlights for TECO 2030 in Q3 2021:
Take-over and official opening of our new facility in Narvik, the TECO 2030 Innovation Center, where we will produce hydrogen fuel cells that are specifically designed for ships and other heavy-duty applications. We are now working to set up the factory and its production lines.
TECO 2030 was, together with the infrastructure contractor Implenia Norway, granted NOK 15.6 million in funding by the Norwegian state enterprise Enova to jointly develop and pilot hydrogen-powered solutions that will eliminate emissions at construction sites.
TECO 2030 signed a strategic cooperation agreement with Everfuel for the delivery of green hydrogen to fuel its fuel cells and fuel cell generators. This will enable decarbonisation of hard-to-decarbonise areas, such as construction sites.
TECO 2030 was granted up to NOK 5.4 million in tax relief as indirect government support for developing the first semi-automated production line for hydrogen fuel cells at the TECO 2030 Innovation Center in Narvik.
TECO 2030 was granted up to NOK 4 million in tax relief as indirect government support for developing onboard carbon capture solutions that will capture CO₂ in the ship exhaust and store it until the ship reaches port.
TECO 2030 signed a letter of intent with Greenstat to cooperate on relevant projects with the aim of developing a complete hydrogen value chain. As part of the agreement, the two parties will discover, evaluate and participate in relevant projects.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
Tore Enger, Chief Executive Officer (CEO) of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no
About TECO 2030 ASA
TECO 2030 accelerates the green transition in the maritime sector by delivering technology that helps ships to reduce their environmental and climate impacts. TECO 2030 is developing hydrogen fuel cells that enable ships and other heavy-duty applications to become emissions-free. The company is also developing other solutions that can help the maritime industry to reduce its emissions, such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was founded in 2019 and is headquartered at Lysaker, Norway. The company is listed on Euronext Growth on Oslo Stock Exchange under TECO. TECO 2030 has its roots in the TECO Maritime Group, a group that has provided technology and repair services to the global shipping industry since 1994. For more information, please visit www.teco2030.no.
Attachments
Download announcement as PDF.pdf
TECO 2030 Q3 2021.pdf
